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#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks

Lex Fridman Podcast

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The Evolution of Smart Contracts and Oracles

This chapter explores the development and definition of smart contracts, highlighting their transformation from tamper-proof digital agreements to on-chain code. It introduces hybrid smart contracts that integrate external data through oracle networks, addressing key challenges in achieving reliable outcomes. The discussion examines the impact of decentralization, consensus mechanisms, and the role of oracles in expanding the functionality of smart contracts across various sectors.

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